Federal Nondefense Gross Investment
NDGI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
238.04
Year-over-Year Change
15.99%
Date Range
1/1/1947 - 4/1/2025
Summary
Federal nondefense gross investment measures the value of new public capital assets purchased or constructed by the U.S. federal government, excluding military investments. It provides insight into government spending and investment priorities.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Nondefense gross investment represents the acquisition of new capital assets by the federal government, such as infrastructure, equipment, and intellectual property. This metric is used by economists and policymakers to analyze the government's contribution to national investment and economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on government budget and spending records.
Historical Context
Federal nondefense investment trends are closely watched as an indicator of the government's fiscal policy stance and long-term priorities.
Key Facts
- Federal nondefense investment accounts for about 2% of total U.S. GDP.
- Investment in R&D makes up the largest share of federal nondefense spending.
- Nondefense investment levels fluctuate with changes in the political and fiscal environment.
FAQs
Q: What does this economic trend measure?
A: Federal nondefense gross investment measures the value of new capital assets purchased or constructed by the U.S. federal government, excluding military investments.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the government's spending priorities and contribution to national investment and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on government budget and spending records.
Q: How is this trend used in economic policy?
A: Federal nondefense investment trends are closely watched as an indicator of the government's fiscal policy stance and long-term priorities.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as more complete information becomes available.
Related Trends
Real National Defense Consumption Expenditures: Gross Output of General Government: Intermediate Goods and Services Purchased: Nondurable Goods: Ammunition
B781RL1Q225SBEA
Government social insurance funds: Current federal receipts
A2046C1A027NBEA
Real Government Consumption Expenditures and Gross Investment
GCEC1
Contributions for government social insurance: Employee and self-employed contributions: Federal social insurance funds: Supplementary medical insurance
CON5301A027NBEA
Federal government current tax receipts
W006RC1Q027SBEA
Federal government receipts: Timing differences (NIPA vs. Budget)
M318121Q027NBEA
Citation
U.S. Federal Reserve, Federal Nondefense Gross Investment (NDGI), retrieved from FRED.